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Income Inequality Cause and Effect.docx - Income Inequality...

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Income Inequality Cause and EffectRankCauseEffectLower Taxes for the rich- Pay a lower percentage of their gross income in taxes even though they earn the highest - Make investments in the industry- Remain wealthy- Become richerDeregulation - The act of deregulation is when the government seeks toremove, or reduce restrictionson industries affairs in order to allow for more competitionin industries which in turn will allow for lower prices forthese goods and services - Increases the shares of incomes going to the very top of the distribution- The top is getting a larger share of the pie rather than increasing the slice of the piePrivatization- Transferring an enterprise orindustry from the public sector to the private sector- The public sector is part of the economic system run by the government- Hurt poor families/individuals- Worsen income inequality- Decrease wages/benefits - Create and/or increase user fees- Private interests typically serve higher income people
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